Friday “Everything in the world may be endured, except continual prosperity.” Johann Wolfgang von Goethe The current under 40s are, generally speaking, the most dangerously effete and deluded generations in history. Is that because of the prosperity brought about by creating synthetic credit and circulating the debt notes in the guise of money? There is an … [Read more...]
Gold and Bitcoin
Thursday I am asked regularly for my opinion on bitcoin etc. Even two of my sons have recently expressed interest. I understand the thrill of a speculation that is going through the roof, but I also understand the danger. It is a speculation, not an investment. A speculation requires a bigger fool and in a world of peak stupid that has been a good bet. But when the … [Read more...]